I just got back after a trip overseas and was reminiscing about gold randing between $250 and $400 an ounce in the middle east (especially tax free Dubai) between 2001-2004, but was too broke at that time since we had decided to prioritize by expanding our family and having kids.
@vulcanize said:
I just got back after a trip overseas and was reminiscing about gold randing between $250 and $400 an ounce in the middle east (especially tax free Dubai) between 2001-2004, but was too broke at that time since we had decided to prioritize by expanding our family and having kids.
@1northcoin said:
But I'll bet those kids are golden.
Thank you and yeah, ABSOLUTELY!!!! No second thoughts about that.
They are my true assets, especially more so now since we are collectively trying to cope with the loss of their mother a few months ago.
Very proud of all three sons - my oldest just got a full ride for his Master's program and that adds upto a total of half a million for him in grants/scholarships alone that he does not have to pay back. Ditto with my middle son who is going to be a junior in Univ. and the youngest one who is getting ready to go off to college in six months time.
Cheers.
@1northcoin said:
But I'll bet those kids are golden.
Thank you and yeah, ABSOLUTELY!!!! No second thoughts about that.
They are my true assets, especially more so now since we are collectively trying to cope with the loss of their mother a few months ago.
Very proud of all three sons - my oldest just got a full ride for his Master's program and that adds upto a total of half a million for him in grants/scholarships alone that he does not have to pay back. Ditto with my middle son who is going to be a junior in Univ. and the youngest one who is getting ready to go off to college in six months time.
Cheers.
You have every right to be very proud. My children have been through the loss of their mother fairly early on. They really show their heart and soul and learn some of the most valuable things in life. How to carry on. I’m sorry for your loss but glad you have proper support. The fruits of your labor have blossomed and become a form of salvation for you and each other. Peace 🙏
James
Given the provenance of my 1850 $20 gold piece having come from the personal collection of its designer, John B. Longacre and thusly being one of, if not the first, one minted - its gold may well have been sourced from the location pictured above.
Another gold coin with its gold having come from Sutter's Mill is represented by this 1849 Territorial that I once owned. Those helping to build Sutter's Mill were disbanded members of the Mormon Battalion who had completed their service and were discharged in San Diego. After completing their work there and participating in the discovery and finding of gold, they took gold with them from the Sutter's Mill find to Salt Lake City where it was coined at the mint there.
Well. The run to $2000 stalled earlier this week so lets try again 🧐
Also the spread is getting bigger. Perhaps today’s the day we see the $500 difference between gold and palladium 🙀
This is a title of a Kitco article: “‘Clash coming': Worst-case scenario for gold in this supercycle is to double, Wells Fargo is watching $3,000”. Outside market force might push gold to 2k soon.
I'm guessing that once it hits $2000 there will be a lot of profit taking and it will fall back into the $1800's. I hope I'm wrong though.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@Jzyskowski1 said:
Goodness. Are we finally on the way to $2000?
Maybe 😁
Or $1790
Fear buying can reverse quickly.
Cash in your ETH that your were proud of @ $3500 and join the goldies! You will probably not see $1650 gold again for a long time. Outside of a few blinks of an eye in October of last year when we got near $1625 for minutes at a time, we have stayed above that level for just shy of 2 years. Gold continues to trend higher. You regularly bash anyone bullish on gold but continue to hold ETH??
@Jzyskowski1 said:
Goodness. Are we finally on the way to $2000?
Maybe 😁
Or $1790
Fear buying can reverse quickly.
Cash in your ETH that your were proud of @ $3500 and join the goldies! You will probably not see $1650 gold again for a long time. Outside of a few blinks of an eye in October of last year when we got near $1625 for minutes at a time, we have stayed above that level for just shy of 2 years. Gold continues to trend higher. You regularly bash anyone bullish on gold but continue to hold ETH??
Mark
I'm still proud of my ETH which has been more profitable than gold. I sold 7 ounces of gold this week. I'll sell the other half if we cross $2000. I've been hearing about $3000 or $5000 gold for 20 years. Some day, they will be right. Of course, the S&P will be at 100,000 by then.
I didn't bash anyone holding gold. But this entire recent surge from $1790 is panic buying. It can reverse quickly when the crisis passes. That is caution not bashing. I'm simply not a buyer at this number. You can feel free to buy as much as you want at this number. No bashing will ensue.
I own a lousy $2000 in ETH that I paid $1200 for. I had 12 ounces of gold at the beginning of the week @ an $1800 basis. [I trade it a lot. I sold 10 ounces last year at $1970.] When you can only hold one thing in your head at a time, I guess it seems like a binary decision. With gold, I buy into weakness and sell into strength. With ETH, I bought $1200 worth 3 or 4 years ago and haven't done anything with it, other than move it from Coinbase to Robinhood.
This thread is really a testament to the generally poor longer term returns with gold. Even after $150 run up in a week, it is only 6% higher than 2 years ago. And when the banking crisis passes, you may be back at $1800 again. This whole run started with SVB and accelerated with Credit Suisse. I'm not sure why you think this is a macrotrend.
For the record, Ethereum has gone up twice as much as gold in the last week. Ethereum is up 23% from March 10th. Gold is up less than 10% in that same time frame. Not that it is an either/or (ether/oro?) choice.
Would you like to buy my last 5 ounces at $1980? Lock in now. The sky is the limit!
Comments
I just got back after a trip overseas and was reminiscing about gold randing between $250 and $400 an ounce in the middle east (especially tax free Dubai) between 2001-2004, but was too broke at that time since we had decided to prioritize by expanding our family and having kids.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
But I'll bet those kids are golden.
Thank you and yeah, ABSOLUTELY!!!! No second thoughts about that.
They are my true assets, especially more so now since we are collectively trying to cope with the loss of their mother a few months ago.
Very proud of all three sons - my oldest just got a full ride for his Master's program and that adds upto a total of half a million for him in grants/scholarships alone that he does not have to pay back. Ditto with my middle son who is going to be a junior in Univ. and the youngest one who is getting ready to go off to college in six months time.
Cheers.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
Seeing $1838 this morning. TV is not accurate for color of coin.
This thread has taught me that my gold collection has a lot of missing dates. There are a lot of spot prices I can't do. I need to work on that.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Ok and fair enough.
what d> @vulcanize said:
You have every right to be very proud. My children have been through the loss of their mother fairly early on. They really show their heart and soul and learn some of the most valuable things in life. How to carry on. I’m sorry for your loss but glad you have proper support. The fruits of your labor have blossomed and become a form of salvation for you and each other. Peace 🙏
James
🎶 shout shout, let it all out 🎶
As of now, only $10 away from a return to $1850.
Mighty close 😁
🎶 shout shout, let it all out 🎶
GOLD $1,846.40 (+10.19)
And with the addition of a few hours that distance has now been halved.
INYNWHWeTrust-TexasNationals,ajaan,blu62vette
coinJP, Outhaul ,illini420,MICHAELDIXON, Fade to Black,epcjimi1,19Lyds,SNMAN,JerseyJoe, bigjpst, DMWJR , lordmarcovan, Weiss,Mfriday4962,UtahCoin,Downtown1974,pitboss,RichieURich,Bullsitter,JDsCoins,toyz4geo,jshaulis, mustanggt, SNMAN, MWallace, ms71
Oh my. Poor palladium. 🙀
🎶 shout shout, let it all out 🎶
GOLD $1,857.03 (+20.82)
The locked in for the weekend rate now is seven dollars over $1850 gold!
GOLD $1,857.03 (+20.82)
Now that we have returned to the 1850s........
Given the provenance of my 1850 $20 gold piece having come from the personal collection of its designer, John B. Longacre and thusly being one of, if not the first, one minted - its gold may well have been sourced from the location pictured above.
Another gold coin with its gold having come from Sutter's Mill is represented by this 1849 Territorial that I once owned. Those helping to build Sutter's Mill were disbanded members of the Mormon Battalion who had completed their service and were discharged in San Diego. After completing their work there and participating in the discovery and finding of gold, they took gold with them from the Sutter's Mill find to Salt Lake City where it was coined at the mint there.
Bid
Ask
Well, here’s the $400 spread between gold and palladium.
🎶 shout shout, let it all out 🎶
Wow, I am surprised no one post while gold up big today. All waiting for breaking 2k to post again?
Just saw $1896 tonight.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
$510 spread between Gold and Palladium tonight. Getting wider as the days go by.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Close enough. $21 silver
🎶 shout shout, let it all out 🎶
Y’all got your 2000 coins ready!?
Lol. I'm selling into strength. We get $2000, I may have nothing left.
Pulling back to $1908 tonight
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Getting to see your beautiful Indian was worth the trip!
I’m playing, catch-up.
Market down 500 but Gold is holding here at $1910 this morning. Another $10 Indian, my favorite design.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Goodness. Are we finally on the way to $2000?
Maybe 😁
🎶 shout shout, let it all out 🎶
Or $1790
Fear buying can reverse quickly.
Almost $500 spread between Gold and Palladium. Seeing $1925 Gold and $1435 Palladium.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
1923 again
My YouTube Channel
Well. The run to $2000 stalled earlier this week so lets try again 🧐
Also the spread is getting bigger. Perhaps today’s the day we see the $500 difference between gold and palladium 🙀
🎶 shout shout, let it all out 🎶
Well now
Appears we my touch the $500 gold/palladium spread. Just a few bucks away 🧐. ( and getting closer to $2000
🎶 shout shout, let it all out 🎶
On CNBC I am seeing Gold at $1956 and Palladium at $1386. A $570 split. Nice.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Word has it the diving boards will be installed on the Wall Street hi-rises soon.
One more big up day like this we will see 2k pop. We might see it next week when fed announce decision or one more bank fall.
This is a title of a Kitco article: “‘Clash coming': Worst-case scenario for gold in this supercycle is to double, Wells Fargo is watching $3,000”. Outside market force might push gold to 2k soon.
WOW, $1990 now. Might hit $2000 today.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
GLD volumes is three time higher than normal. Lots of people buying gold
2k is very important milestone. If it can stay at 2k for three market days then we should see 2400 at least
I'm guessing that once it hits $2000 there will be a lot of profit taking and it will fall back into the $1800's. I hope I'm wrong though.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
What a wild day. Seeing spot at $1994 for gold. Up $70.70 today. Palladium at $1415. We are almost at $600 spread.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Cash in your ETH that your were proud of @ $3500 and join the goldies! You will probably not see $1650 gold again for a long time. Outside of a few blinks of an eye in October of last year when we got near $1625 for minutes at a time, we have stayed above that level for just shy of 2 years. Gold continues to trend higher. You regularly bash anyone bullish on gold but continue to hold ETH??
Mark
Way over $500 spread and $2000 gold is a second away.
🎶 shout shout, let it all out 🎶
Currently showing $1988.11
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
I'm still proud of my ETH which has been more profitable than gold. I sold 7 ounces of gold this week. I'll sell the other half if we cross $2000. I've been hearing about $3000 or $5000 gold for 20 years. Some day, they will be right. Of course, the S&P will be at 100,000 by then.
I didn't bash anyone holding gold. But this entire recent surge from $1790 is panic buying. It can reverse quickly when the crisis passes. That is caution not bashing. I'm simply not a buyer at this number. You can feel free to buy as much as you want at this number. No bashing will ensue.
I own a lousy $2000 in ETH that I paid $1200 for. I had 12 ounces of gold at the beginning of the week @ an $1800 basis. [I trade it a lot. I sold 10 ounces last year at $1970.] When you can only hold one thing in your head at a time, I guess it seems like a binary decision. With gold, I buy into weakness and sell into strength. With ETH, I bought $1200 worth 3 or 4 years ago and haven't done anything with it, other than move it from Coinbase to Robinhood.
This thread is really a testament to the generally poor longer term returns with gold. Even after $150 run up in a week, it is only 6% higher than 2 years ago. And when the banking crisis passes, you may be back at $1800 again. This whole run started with SVB and accelerated with Credit Suisse. I'm not sure why you think this is a macrotrend.
For the record, Ethereum has gone up twice as much as gold in the last week. Ethereum is up 23% from March 10th. Gold is up less than 10% in that same time frame. Not that it is an either/or (ether/oro?) choice.
Would you like to buy my last 5 ounces at $1980? Lock in now. The sky is the limit!